Nasdaq to list Valkyrie’s Bitcoin Mining ETF
It is expected that the Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in companies that receive at least 50% of their profits from bitcoin mining. With Bitcoin prices on the rise, a new Bitcoin mining-backed exchange-traded fund (ETF) is expected to go public on February 8. In accordance with […]
US Senator Ted Cruz buys the Bitcoin dip
Senator Rafael Ted Cruz, a junior Republican politician from Texas purchased between $15k and $50k worth of Bitcoin (BTC) on January 25th, according to a financial report filed on Friday, February 4th. Bitcoin was selling between $36k and $37k at the time, and it has since increased to its current price of roughly $41,600. His […]
For the First Time in Weeks, Bitcoin Exceeds $40k
Bitcoin made the largest green candle since October, indicating that the market has turned bullish. Other virtual currencies have followed Bitcoin ‘s recent Bullish path and are now trading in the green, erasing the losses they suffered in previous weeks. Bitcoin Reaches Its Highest Level in Weeks Bitcoin is presently trading at $41,400 and has a […]
Russia’s demand for mining equipment falls amid fears of a possible ban
The market for mining hardware has dwindled since the Bank of Russia proposed a ban on digital currency minting and other crypto operations. Russian internet markets have noted that mining hardware is now more frequently provided than sought. The trend started when the Central Bank of Russia (CBR) issued a consultation document earlier this month […]
Bitcoin Trading Volume Plummets Again After recent price increase
Earlier this week, the Bitcoin trade volume increased as the cryptocurrency’s price fell below $40,000. Bitcoin trading volume drops precipitously after a brief surge According to Arcane Research’s most recent weekly analysis, BTC trade volume has lately dropped sharply and is now returning to “normal” levels following the previous rise. The “daily trade volume” is an on-chain […]